25 Bourne St Palmer, MA 01080
Residential Multi Family, Other - Palmer, MA
- Added:
- Jun 29, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 11 at 5:06 am
Property Features for 25 Bourne St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,300 SF
Building Details
- Year built
- 1940
- Architectural style
- Other
Listing agent Team Elite License #PersonLicenseNumber (413) 391-1969
Listing office NextHome Elite Realty 26 Main Street, MA (413) 391-1969
Listing date Jun 29, 2026
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The home is located at 25 Bourne St in Palmer, Massachusetts (01080). The public remarks describe the property as conveniently located just over an hour from Boston.
For tenants, buyers, or investors seeking a low-maintenance residential income property, this asset’s scope of renovations addresses many typical upkeep items at once, including major mechanicals and interior finishes. The two separate units and separate utilities make it well-suited for structured leasing or for an owner who wants to offset expenses through rental income.
Key Highlights
- Two‑family home rebuilt from the studs up with major systems and finishes replaced throughout
- Updates include roof, siding, windows, insulation, electrical, plumbing, and heating systems
- Each unit features modern kitchens with stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.0k | $18.71 |
| − OpEx | −$12.9k | −$5.61 |
| NOI | $30.1k | $13.10 |
